Economy

Analysts Recommended this Stock: New Residential Investment Corp. (NRZ)

Investors and Traders continue to monitor technical levels of shares of DDR Corp. FBR Capital maintained the shares of NRZ in report on Thursday, February 25 with "Outperform" rating. Citigroup Inc. now owns 8,330,259 shares of the real estate investment trust's stock worth $115,291,000 after buying an additional 230,819 shares during the period.

A number of analysts recently commented on NRZ shares.

For the Current Quarter, the growth estimate for New Residential Investment Corp.is 5.9%, while for the Next Quarter the stock growth estimate is -14.5%. Zacks Investment Research downgraded New Residential Investment Corp. from a "buy" rating to a "sell" rating in a research note on Wednesday, July 5th. Canada Pension Plan Board holds 0% in New Residential Investment Corp (NYSE:NRZ) or 110,100 shares. It dived, as 43 investors sold New Residential Investment Corp shares while 78 reduced holdings. For New Residential Investment Corp.

Among 3 analysts covering Experian (OTCMKTS:EXPGY), 2 have Buy rating, 0 Sell and 1 Hold. FBR Capital has "Buy" rating and $17.5000 target. (NRZ) is sinking -0.81% to $17.06. 140.89 million shares or 11.25% less from 158.75 million shares in 2017Q1 were reported. The stock closing price is now trading downward to its 50 day moving average with change of -15.51%, tumbled to its 20 day moving average with figure of -10.44% and behind its 200 day moving average with value -28.19%. New Residential Investment Corp. The company has market cap of $18.97 billion.

Many analysts have provided their estimated foresights on New Residential Investment Corp. (NYSE:NRZ) gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The firm had revenue of $331.38 million for the quarter, compared to the consensus estimate of $291.66 million. During the same period a year ago, the business posted $0.51 earnings per share. Its revenue stood at 12.70% a year on average in the period of last five years.

New Residential Investment Corp. most recently reported earnings per share (EPS) of $1.03 for the June 2017 versus $0.52 in the same quarter past year, representing 98% growth.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 3rd will be given a $0.46 dividend. Piper Jaffray Cos. reaffirmed an "overweight" rating and issued a $16.00 price target on shares of New Residential Investment Corp.in a report on Friday, September 9th. That's a potential 3.2 increase relative to where New Residential Investment Corp. During the last month, the stock has changed 0.70% and performed 1.78% over the last 6 months. Vanguard Group Inc. raised its stake in New Residential Investment Corp.by 3.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,826 shares of the real estate investment trust's stock worth $951,000 after purchasing an additional 5,664 shares in the last quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust's stock valued at $118,000 after purchasing an additional 593 shares in the last quarter. Illinois-based Geneva Advsr Ltd Com has invested 0.04% in New Residential Investment Corp (NYSE:NRZ). Finally, BlackRock Institutional Trust Company N.A. raised its stake in New Residential Investment Corp.by 2.2% in the first quarter.

New Residential Investment Corp.is a real estate investment trust (REIT). The Firm focuses on investing in, and managing, investments related to residential real estate. The Company's segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.



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